Dairy Export Volume Up Slightly in September
A surge in milk powder and cheese exports in September pushed total U.S. dairy export volumes above year-earlier sales, reports the U.S. Dairy Export Council. Nearly 171,000 metric tons were exported, up 2% from a year ago.
This is the first time since October 2018 that volume sales were above year-ago levels. Because of rising world prices, the value of those September exports was $508.8 million dollars, up 17% from a year ago and the highest level since May of this year.
Exports of milk powders in September were at a 16-month high, with 65,328 metric tons shipped. This is a 25% surge from a year ago. Powder exports to Southeast Asia (primarily Indonesia and Vietnam) were up 36%; sales to Mexico were up 14%.
September cheese exports were up 12%, with Mexico importing 31% more than last year. Sales to South Korea were up 9%, and sales to the United Arab Emirates nearly tripled.
On a total milk solids basis, U.S. exports were equivalent to 15.3% of milk production in September. For the first 9 months of the year, exports represented 14.2% of milk volume.
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